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answer the following questions D Question 9 1 pts Consider a Ricardian framework with two countries, Sweden and Norway, and two products, fish and oil.

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answer the following questions

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D Question 9 1 pts Consider a Ricardian framework with two countries, Sweden and Norway, and two products, fish and oil. Norway has comparative advantage in oil throughout this question. Which of the following can never explain an improvement in Sweden's terms of trade? An increase in Sweden's productivity in the fish industry An increase in Sweden's demand for oil O A drop in Norway's demand for fish O An increase in Norway's productivity in the oil industry D Question 10 1 pts In the Ricardian framework with two countries, which of the following statements always applies? A country has comparative advantage in one good O An exporting country's supply curve intersects the downward sloping portion of the importing country's demand curve O The world price is different from the two autarky prices O Compared to autarky, no country is worse offQuestion 7 1 pts The table below shows the marginal product of labour in two different products [shoes and toys) in two different countries (Vietnam and Indonesia). Shoes Toys Vietnam 24 12 Indonesia 9 6 In the trade equilibrium, the real wage, in terms of toys, for Vietnamese workers is 016 0 between 12 and 24 0 between 12 and 16 012 Question 8 1 pts Which condition does not have to hold in the trade equilibrium of a Ricardian model 0 World price lies between autarl-(y prices in both countries 0 Export from one country is equal to import to another C) Costs of imported goods are equal to costs of exported goods for both countries 0 Real wages are equalized in two countries D Question 6 1 pts The table below shows the marginal product of labour in two different products (shoes and toys) in two different countries (Vietnam and Indonesia). Shoes Toys Vietnam 24 12 Indonesia 9 6 World relative price of toys will be O between 1/2 and 3/2 O between 1/2 and 2/3 O smaller than 1/2 O between 3/2 and 2

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